2018 Q4 Form 10-K Financial Statement

#000153470120000070 Filed on February 21, 2020

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $29.10B $29.79B $28.98B
YoY Change -2.18% 16.24% 20.31%
Cost Of Revenue $25.04B $26.39B $25.75B
YoY Change -8.32% 35.56% 40.29%
Gross Profit $3.644B $3.403B $3.233B
YoY Change 40.91% -44.79% -43.62%
Gross Profit Margin 12.52% 11.42% 11.16%
Selling, General & Admin $516.0M $440.0M $432.0M
YoY Change -4.62% 1.15% -1.59%
% of Gross Profit 14.16% 12.93% 13.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $337.0M $346.0M $337.0M
YoY Change -2.6% 2.67% 5.31%
% of Gross Profit 9.25% 10.17% 10.42%
Operating Expenses $2.144B $440.0M $432.0M
YoY Change 4.53% 1.15% -1.59%
Operating Profit $1.500B $2.963B $2.801B
YoY Change 180.37% -48.28% -47.1%
Interest Expense $1.406B $421.0M $329.0M
YoY Change 1251.92% 446.75% -37.69%
% of Operating Profit 93.73% 14.21% 11.75%
Other Income/Expense, Net $12.00M $24.00M $13.00M
YoY Change -42.86% -51.02% -27.78%
Pretax Income $2.918B $1.975B $1.835B
YoY Change 346.18% 57.25% 116.39%
Income Tax $546.0M $407.0M $431.0M
% Of Pretax Income 18.71% 20.61% 23.49%
Net Earnings $2.240B $1.492B $1.339B
YoY Change -29.96% 81.29% 143.45%
Net Earnings / Revenue 7.7% 5.01% 4.62%
Basic Earnings Per Share $4.85 $3.20 $2.86
Diluted Earnings Per Share $4.82 $3.18 $2.84
COMMON SHARES
Basic Shares Outstanding 466.1M shares 468.3M shares
Diluted Shares Outstanding 469.4M shares 471.6M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.019B $924.0M $1.884B
YoY Change -3.21% -40.27% -12.82%
Cash & Equivalents $3.019B $924.0M $1.884B
Short-Term Investments
Other Short-Term Assets $474.0M $875.0M $621.0M
YoY Change 28.11% 51.38% 36.18%
Inventory $3.543B $5.544B $4.901B
Prepaid Expenses
Receivables $6.173B $7.971B $7.173B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $13.21B $15.31B $14.58B
YoY Change -8.21% 18.39% 17.04%
LONG-TERM ASSETS
Property, Plant & Equipment $22.02B $21.63B $21.47B
YoY Change 2.6% 1.51% 0.81%
Goodwill $3.270B $3.270B $3.270B
YoY Change 0.0% 0.0% 0.0%
Intangibles $869.0M $874.0M $866.0M
YoY Change -0.8% -1.13% -2.59%
Long-Term Investments $14.22B $14.31B $14.18B
YoY Change 3.53% 2.96% 4.96%
Other Assets $515.0M $490.0M $469.0M
YoY Change 18.66% 16.39% 13.56%
Total Long-Term Assets $41.09B $40.57B $40.25B
YoY Change 2.78% 1.99% 2.22%
TOTAL ASSETS
Total Short-Term Assets $13.21B $15.31B $14.58B
Total Long-Term Assets $41.09B $40.57B $40.25B
Total Assets $54.30B $55.88B $54.83B
YoY Change -0.13% 6.02% 5.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.113B $8.444B $8.437B
YoY Change -15.59% 31.86% 43.22%
Accrued Expenses $2.259B $2.262B $2.093B
YoY Change 10.79% 17.32% 14.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $67.00M $316.0M $341.0M
YoY Change 63.41% -55.24% -30.83%
Total Short-Term Liabilities $8.935B $11.97B $11.73B
YoY Change -11.6% 20.89% 32.21%
LONG-TERM LIABILITIES
Long-Term Debt $11.09B $11.02B $11.02B
YoY Change 10.17% 16.07% 16.37%
Other Long-Term Liabilities $1.846B $1.783B $1.920B
YoY Change 4.95% 2.0% -9.05%
Total Long-Term Liabilities $12.94B $12.80B $12.94B
YoY Change 9.39% 13.88% 11.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.935B $11.97B $11.73B
Total Long-Term Liabilities $12.94B $12.80B $12.94B
Total Liabilities $27.15B $30.09B $29.87B
YoY Change 0.76% 4.65% 6.58%
SHAREHOLDERS EQUITY
Retained Earnings $20.49B $18.62B $17.50B
YoY Change 25.65% 38.28% 34.61%
Common Stock $19.88B $19.87B $19.84B
YoY Change 0.53% 1.06% 1.05%
Preferred Stock
YoY Change
Treasury Stock (at cost) $15.02B $14.53B $14.12B
YoY Change 44.76% 46.51% 49.37%
Treasury Stock Shares 189.5M shares 184.5M shares 181.0M shares
Shareholders Equity $24.65B $23.32B $22.54B
YoY Change
Total Liabilities & Shareholders Equity $54.30B $55.88B $54.83B
YoY Change -0.13% 6.02% 5.78%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $2.240B $1.492B $1.339B
YoY Change -29.96% 81.29% 143.45%
Depreciation, Depletion And Amortization $337.0M $346.0M $337.0M
YoY Change -2.6% 2.67% 5.31%
Cash From Operating Activities $4.139B $582.0M $2.364B
YoY Change 114.34% 45.14% 26.76%
INVESTING ACTIVITIES
Capital Expenditures -$994.0M -$779.0M -$538.0M
YoY Change 85.1% 112.26% 17.47%
Acquisitions
YoY Change
Other Investing Activities $63.00M $60.00M $74.00M
YoY Change -5.97% -528.57% 1380.0%
Cash From Investing Activities -$931.0M -$719.0M -$464.0M
YoY Change 98.09% 88.71% 2.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.098B -819.0M -841.0M
YoY Change -1306.59% 33.82% -6.97%
NET CHANGE
Cash From Operating Activities 4.139B 582.0M 2.364B
Cash From Investing Activities -931.0M -719.0M -464.0M
Cash From Financing Activities -1.098B -819.0M -841.0M
Net Change In Cash 2.110B -956.0M 1.059B
YoY Change 35.95% 61.49% 108.46%
FREE CASH FLOW
Cash From Operating Activities $4.139B $582.0M $2.364B
Capital Expenditures -$994.0M -$779.0M -$538.0M
Free Cash Flow $5.133B $1.361B $2.902B
YoY Change 107.98% 77.21% 24.92%

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<div style="line-height:120%;font-size:10.5pt;"><span style="font-family:inherit;font-size:10.5pt;font-weight:bold;">Recast Financial Information</span><span style="font-family:inherit;font-size:10.5pt;">—Certain prior period financial information has been recast to reflect the current year’s presentation.</span></div>
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73000000 USD
CY2019 us-gaap Partners Capital Account Sale Of Units
PartnersCapitalAccountSaleOfUnits
141000000 USD
CY2019 psx Partners Capital Account Incentive Distribution Rights Restructuring Transaction
PartnersCapitalAccountIncentiveDistributionRightsRestructuringTransaction
-98000000 USD
CY2019 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
241000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
27169000000 USD
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
641594000 shares
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
122827000 shares
CY2017 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
18738000 shares
CY2017 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
2241000 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
643835000 shares
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
141565000 shares
CY2018 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
47961000 shares
CY2018 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
1857000 shares
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
645692000 shares
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
189526000 shares
CY2019 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
16865000 shares
CY2019 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
1725000 shares
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
647417000 shares
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
206391000 shares
CY2017 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.73
CY2018 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.10
CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.50
CY2019Q1 us-gaap Tax Cuts And Jobs Act Of2017 Reclassification From Aoci To Retained Earnings Tax Effect
TaxCutsAndJobsActOf2017ReclassificationFromAociToRetainedEarningsTaxEffect
-89000000 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1415000000 USD
CY2017 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
102354000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
107293000000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
111461000000 USD
CY2017 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
102354000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
107293000000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
111461000000 USD
CY2019 psx Contract With Customer Payment Term
ContractWithCustomerPaymentTerm
P30D
CY2019 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<div style="line-height:120%;font-size:10.5pt;"><span style="font-family:inherit;font-size:10.5pt;font-weight:bold;">Impairment of Properties, Plants and Equipment</span><span style="font-family:inherit;font-size:10.5pt;">—PP&amp;E used in operations are assessed for impairment whenever changes in facts and circumstances indicate a possible significant deterioration in the future cash flows expected to be generated by an asset group. If indicators of potential impairment exist, an undiscounted cash flow test is performed. If the sum of the undiscounted expected future pre-tax cash flows of an asset group is less than the carrying value of the asset group, including applicable liabilities, the carrying value of the PP&amp;E included in the asset group is written down to estimated fair value and the write down is reported in the “Impairments” line item on our consolidated statement of income in the period in which the impairment determination is made. Individual assets are grouped for impairment purposes at the lowest level for which identifiable cash flows are available (for example, at a refinery complex level). Because there is usually a lack of quoted market prices for long-lived assets, the fair value of impaired assets is typically determined using one or more of the following methods: the present values of expected future cash flows using discount rates and other assumptions believed to be consistent with those used by principal market participants; a market multiple of earnings for similar assets; or historical market transactions including similar assets, adjusted using principal market participant assumptions when necessary. Long-lived assets held for sale are accounted for at the lower of amortized cost or fair value, less cost to sell, with fair value determined using a binding negotiated price, if available, estimated replacement cost, or present value of expected future cash flows as previously described.</span></div><div style="line-height:120%;padding-left:48px;font-size:10.5pt;"><span style="font-family:inherit;font-size:10.5pt;"><br/></span></div><div style="line-height:120%;padding-left:48px;font-size:10.5pt;"><span style="font-family:inherit;font-size:10.5pt;">The expected future cash flows used for impairment reviews and related fair value calculations are based on estimated future volumes, prices, costs, margins and capital project decisions, considering all available evidence at the date of review.</span></div><div style="line-height:120%;padding-left:48px;font-size:10.5pt;"><span style="font-family:inherit;font-size:10.5pt;"><br/></span></div>
CY2019 us-gaap Number Of Reporting Units
NumberOfReportingUnits
3 reporting_unit
CY2019Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
6902000000 USD
CY2018Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
4993000000 USD
CY2019Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
336000000 USD
CY2018Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
248000000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0 USD
CY2019Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
8510000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
41000000 USD
CY2019Q4 psx Accounts And Notes Receivable Percent Outstanding Less Than60 Days
AccountsAndNotesReceivablePercentOutstandingLessThan60Days
0.99
CY2019Q4 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
3452000000 USD
CY2018Q4 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
3238000000 USD
CY2019Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
324000000 USD
CY2018Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
305000000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
3776000000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
3543000000 USD
CY2019Q4 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
3331000000 USD
CY2018Q4 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
3123000000 USD
CY2019Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
4300000000 USD
CY2018Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
2900000000 USD
CY2019 psx Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Income Taxes And Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeIncomeTaxesAndExtraordinaryItems
4976000000 USD
CY2018 psx Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Income Taxes And Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeIncomeTaxesAndExtraordinaryItems
6066000000 USD
CY2019 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
0 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
14284000000 USD
CY2018Q4 us-gaap Equity Method Investments
EquityMethodInvestments
14218000000 USD
CY2019Q4 us-gaap Other Investments
OtherInvestments
130000000 USD
CY2018Q4 us-gaap Other Investments
OtherInvestments
106000000 USD
CY2019Q4 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
157000000 USD
CY2018Q4 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
97000000 USD
CY2019Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
14571000000 USD
CY2018Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
14421000000 USD
CY2019 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
2055000000 USD
CY2018 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
2942000000 USD
CY2017 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1270000000 USD
CY2019Q4 us-gaap Retained Earnings Undistributed Earnings From Equity Method Investees
RetainedEarningsUndistributedEarningsFromEquityMethodInvestees
2360000000 USD
CY2019 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
38156000000 USD
CY2018 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
43627000000 USD
CY2017 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
35523000000 USD
CY2017 psx Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Income Taxes And Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeIncomeTaxesAndExtraordinaryItems
3956000000 USD
CY2019 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
4787000000 USD
CY2018 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
5926000000 USD
CY2017 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
3764000000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
6654000000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
6791000000 USD
CY2017Q4 us-gaap Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
7325000000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
56163000000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
52649000000 USD
CY2017Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
49950000000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
6094000000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
8047000000 USD
CY2017Q4 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
5248000000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
15740000000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
10695000000 USD
CY2017Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
13743000000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Minority Interest
EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest
2145000000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Minority Interest
EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest
2550000000 USD
CY2017Q4 us-gaap Equity Method Investment Summarized Financial Information Minority Interest
EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest
2549000000 USD
CY2019Q4 psx Property Plantand Equipmentand Finance Lease Rightof Use Assetbefore Accumulated Depreciationand Amortization
PropertyPlantandEquipmentandFinanceLeaseRightofUseAssetbeforeAccumulatedDepreciationandAmortization
38071000000 USD
CY2019Q4 psx Property Plantand Equipmentand Finance Lease Rightof Use Asset Accumulated Depreciationand Amortization
PropertyPlantandEquipmentandFinanceLeaseRightofUseAssetAccumulatedDepreciationandAmortization
14285000000 USD
CY2019Q4 psx Property Plantand Equipmentand Finance Lease Rightof Use Assetafter Accumulated Depreciationand Amortization
PropertyPlantandEquipmentandFinanceLeaseRightofUseAssetafterAccumulatedDepreciationandAmortization
23786000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
35197000000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
13179000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22018000000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
3270000000 USD
CY2018 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
0 USD
CY2018Q4 us-gaap Goodwill
Goodwill
3270000000 USD
CY2019 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
0 USD
CY2019Q4 us-gaap Goodwill
Goodwill
3270000000 USD
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
752000000 USD
CY2018Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
753000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
117000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
116000000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17000000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14000000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21000000 USD
CY2019Q4 psx Finite Lived Intangible Assets Estimated Future Amortization Expense
FiniteLivedIntangibleAssetsEstimatedFutureAmortizationExpense
20000000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
280000000 USD
CY2018Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
261000000 USD
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
441000000 USD
CY2018Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
447000000 USD
CY2019Q4 psx Asset Retirement Obligation And Accrual For Environmental Loss Contingencies
AssetRetirementObligationAndAccrualForEnvironmentalLossContingencies
721000000 USD
CY2018Q4 psx Asset Retirement Obligation And Accrual For Environmental Loss Contingencies
AssetRetirementObligationAndAccrualForEnvironmentalLossContingencies
708000000 USD
CY2019Q4 psx Asset Retirement Obligation And Accrual For Environmental Loss Contingencies Current
AssetRetirementObligationAndAccrualForEnvironmentalLossContingenciesCurrent
83000000 USD
CY2018Q4 psx Asset Retirement Obligation And Accrual For Environmental Loss Contingencies Current
AssetRetirementObligationAndAccrualForEnvironmentalLossContingenciesCurrent
84000000 USD
CY2019Q4 psx Asset Retirement Obligationand Accrualfor Environmental Loss Contingencies Nonurrent
AssetRetirementObligationandAccrualforEnvironmentalLossContingenciesNonurrent
638000000 USD
CY2018Q4 psx Asset Retirement Obligationand Accrualfor Environmental Loss Contingencies Nonurrent
AssetRetirementObligationandAccrualforEnvironmentalLossContingenciesNonurrent
624000000 USD
CY2018Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
261000000 USD
CY2017Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
268000000 USD
CY2019 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
10000000 USD
CY2018 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
10000000 USD
CY2019 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
31000000 USD
CY2018 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
3000000 USD
CY2019 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
22000000 USD
CY2018 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
15000000 USD
CY2019 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
0 USD
CY2018 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
5000000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
280000000 USD
CY2018Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
261000000 USD
CY2019 us-gaap Accrual For Environmental Loss Contingencies Period Increase Decrease
AccrualForEnvironmentalLossContingenciesPeriodIncreaseDecrease
-6000000 USD
CY2019 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
3076000000 USD
CY2019 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
3076000000 USD
CY2018 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
5595000000 USD
CY2018 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
5595000000 USD
CY2018Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
11076000000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
277000000 USD
CY2017 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
5106000000 USD
CY2017 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
5106000000 USD
CY2019 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
6000000 USD
CY2019 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
2000000 USD
CY2018 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
6000000 USD
CY2018 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
0 USD
CY2017 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
6000000 USD
CY2017 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
0 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3070000000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3074000000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5589000000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
5595000000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5100000000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
5106000000 USD
CY2019 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
448787000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
451364000 shares
CY2018 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
467483000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
470708000 shares
CY2017 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
511268000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
515090000 shares
CY2019 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
2577000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2524000 shares
CY2018 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
3225000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3339000 shares
CY2017 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
3822000 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3418000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
451364000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
453888000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
470708000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
474047000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
515090000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
518508000 shares
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.80
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.77
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
11.87
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
11.80
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
9.90
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
9.85
CY2019Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
11576000000 USD
CY2018Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
184000000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
100000000 USD
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
100000000 USD
CY2019Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
11763000000 USD
CY2018Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
11160000000 USD
CY2019Q4 us-gaap Debt Current
DebtCurrent
547000000 USD
CY2018Q4 us-gaap Debt Current
DebtCurrent
67000000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
11216000000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
11093000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
547000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
568000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2012000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
17000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
312000000 USD
CY2019 us-gaap Debt Instrument Increase Decrease For Period Net
DebtInstrumentIncreaseDecreaseForPeriodNet
500000000 USD
CY2019Q4 us-gaap Commercial Paper
CommercialPaper
0 USD
CY2019Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1000000 USD
CY2019Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
321000000 USD
CY2019Q4 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
1983000000 USD
CY2019 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
321000000 USD
CY2018 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
323000000 USD
CY2017 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
323000000 USD
CY2019Q4 psx Estimated Percentage Of Derivative Contract Volume Expiring Within Twelve Months
EstimatedPercentageOfDerivativeContractVolumeExpiringWithinTwelveMonths
0.98
CY2019Q4 psx Non Monetary Notional Amount Of Price Risk Derivative Instruments Not Designated As Hedging Instruments Net
NonMonetaryNotionalAmountOfPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsNet
16000000 MMBbls
CY2018Q4 psx Non Monetary Notional Amount Of Price Risk Derivative Instruments Not Designated As Hedging Instruments Net
NonMonetaryNotionalAmountOfPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsNet
17000000 MMBbls
CY2019 psx Payment Term Of Receivables
PaymentTermOfReceivables
30 days or less
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
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CY2019Q4 us-gaap Derivative Collateral Obligation To Return Securities
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CY2019Q4 psx Derivative Asset Difference In Carrying Value And Fair Value
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0 USD
CY2019Q4 psx Asset Fair Value Amount Offset Against Collateral
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154000000 USD
CY2019Q4 us-gaap Liabilities Fair Value Disclosure
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14195000000 USD
CY2019Q4 us-gaap Derivative Liability Fair Value Gross Asset
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1188000000 USD
CY2019Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
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80000000 USD
CY2019Q4 psx Financial And Nonfinancial Liability Difference Incarrying Value And Fair Value
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CY2019Q4 psx Financial And Nonfinancial Liability Fair Value Amount Offset Against Collateral
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11489000000 USD
CY2018Q4 us-gaap Assets Fair Value Disclosure
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1383000000 USD
CY2018Q4 us-gaap Derivative Asset Fair Value Gross Liability
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1075000000 USD
CY2018Q4 us-gaap Derivative Collateral Obligation To Return Securities
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89000000 USD
CY2018Q4 psx Derivative Asset Difference In Carrying Value And Fair Value
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CY2018Q4 psx Asset Fair Value Amount Offset Against Collateral
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219000000 USD
CY2018Q4 us-gaap Liabilities Fair Value Disclosure
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12027000000 USD
CY2018Q4 us-gaap Derivative Liability Fair Value Gross Asset
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1075000000 USD
CY2018Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
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CY2018Q4 psx Financial And Nonfinancial Liability Difference Incarrying Value And Fair Value
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49000000 USD
CY2018Q4 psx Financial And Nonfinancial Liability Fair Value Amount Offset Against Collateral
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11001000000 USD
CY2019Q4 us-gaap Preferred Stock Shares Authorized
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us-gaap Treasury Stock Shares Acquired
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12000000000 USD
CY2018Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
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35000000 shares
CY2018Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2018Q1 us-gaap Accelerated Share Repurchases Initial Price Paid Per Share
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CY2019Q4 us-gaap Finance Lease Right Of Use Asset
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CY2019Q4 us-gaap Operating Lease Right Of Use Asset
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CY2019Q4 us-gaap Finance Lease Right Of Use Asset
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284000000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
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CY2019Q4 us-gaap Operating Lease Liability Current
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CY2019Q4 us-gaap Finance Lease Liability Noncurrent
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259000000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
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CY2019Q4 us-gaap Finance Lease Liability
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277000000 USD
CY2019Q4 us-gaap Operating Lease Liability
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26000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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488000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
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25000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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260000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
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23000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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167000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Four
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23000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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111000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Five
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23000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2019Q4 us-gaap Finance Lease Liability Payments Due After Year Five
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243000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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299000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due
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CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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86000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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148000000 USD
CY2019Q4 us-gaap Finance Lease Liability
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277000000 USD
CY2019Q4 us-gaap Operating Lease Liability
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20000000 USD
CY2019 us-gaap Finance Lease Interest Expense
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6000000 USD
CY2019 psx Finance Lease Cost
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CY2019 us-gaap Operating Lease Cost
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CY2019 us-gaap Short Term Lease Cost
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118000000 USD
CY2019 us-gaap Variable Lease Cost
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CY2019 us-gaap Sublease Income
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16000000 USD
CY2019 us-gaap Lease Cost
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CY2019 us-gaap Finance Lease Interest Payment On Liability
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CY2019 us-gaap Operating Lease Payments
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553000000 USD
CY2019 us-gaap Finance Lease Principal Payments
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21000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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342000000 USD
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P11Y1M6D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P5Y7M6D
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.031
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.038
CY2019 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
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0.75
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CY2019 us-gaap Defined Contribution Plan Cost Recognized
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192000000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
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178000000 USD
CY2017 us-gaap Defined Contribution Plan Cost Recognized
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101000000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
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169000000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
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100000000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
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142000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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53000000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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45000000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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74000000 USD
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63.11
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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94.97
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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17.58
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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553 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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94.85
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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39.90
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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51000000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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4779404 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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72.55
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3603296 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
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65.69
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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162000000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
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3267111 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
63.57
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
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154000000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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20.69
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
16.95
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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37000000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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62000000 USD
CY2017 psx Tax Cuts And Jobs Actof2017 Incomplete Accounting Remeasurement Of Deferred Tax Assets And Liabilities Provisional Income Tax Expense Benefit
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-2870000000 USD
CY2017 psx Tax Cuts And Jobs Act Of2017 Incomplete Accounting Deemed Repatriation Tax Liability Provisional Income Tax Expense
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149000000 USD
CY2018 us-gaap Tax Cuts And Jobs Act Of2017 Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncomeTaxExpenseBenefit
36000000 USD
CY2019 us-gaap Tax Cuts And Jobs Act Of2017 Change In Tax Rate Deferred Tax Asset Income Tax Expense
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CY2019 us-gaap Current Federal Tax Expense Benefit
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354000000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
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739000000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
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9000000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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177000000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
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257000000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Current Foreign Tax Expense Benefit
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204000000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
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326000000 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
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126000000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
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53000000 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2019 us-gaap Current State And Local Tax Expense Benefit
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61000000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
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255000000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
61000000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
55000000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
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68000000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
801000000 USD
CY2018 us-gaap Income Tax Expense Benefit
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CY2017 us-gaap Income Tax Expense Benefit
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CY2019Q4 psx Deferred Tax Liabilities Property Plant And Equipment And Intangible Assets
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3297000000 USD
CY2018Q4 psx Deferred Tax Liabilities Property Plant And Equipment And Intangible Assets
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3074000000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
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2137000000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
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2041000000 USD
CY2019Q4 psx Deferred Tax Liabilities Investments In Subsidiaries And Equity Method Investments
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794000000 USD
CY2018Q4 psx Deferred Tax Liabilities Investments In Subsidiaries And Equity Method Investments
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602000000 USD
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CY2018Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
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66000000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Other
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263000000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Other
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14000000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities
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CY2018Q4 us-gaap Deferred Income Tax Liabilities
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460000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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395000000 USD
CY2019Q4 psx Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations And Environmental Liabilities
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115000000 USD
CY2018Q4 psx Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations And Environmental Liabilities
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109000000 USD
CY2019Q4 psx Deferred Tax Assets Operating Loss Capital Loss And Foreign Tax Credit Carryforwards
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54000000 USD
CY2018Q4 psx Deferred Tax Assets Operating Loss Capital Loss And Foreign Tax Credit Carryforwards
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59000000 USD
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70000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
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16000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Inventory
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28000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Inventory
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CY2019Q4 us-gaap Deferred Tax Assets Other
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281000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Other
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CY2019Q4 us-gaap Deferred Tax Assets Gross
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1008000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Gross
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579000000 USD
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CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2019Q4 us-gaap Deferred Tax Assets Net
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CY2018Q4 us-gaap Deferred Tax Assets Net
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571000000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities
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CY2018Q4 us-gaap Deferred Tax Liabilities
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CY2018Q4 us-gaap Unrecognized Tax Benefits
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CY2017Q4 us-gaap Unrecognized Tax Benefits
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CY2016Q4 us-gaap Unrecognized Tax Benefits
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70000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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29000000 USD
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CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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1000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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14000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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2000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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5000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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10000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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32000000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
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40000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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23000000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
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34000000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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15000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2017Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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10000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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5000000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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8000000 USD
CY2019 psx Increase Decrease In Income Tax Penalties And Interest Accrued
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CY2017 psx Increase Decrease In Income Tax Penalties And Interest Accrued
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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5716000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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2799000000 USD
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0.782
CY2018 psx Income Loss From Continuing Operations Before Income Taxes Domestic Percentage Of Total Income Loss From Continuing Operations Before Income Taxes1
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0.768
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0.787
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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911000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2019 us-gaap Income Tax Reconciliation Minority Interest Income Expense
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